WiremarketsBrief
TradingView Glitch Sends Bitcoin Dominance Below 25%
A TradingView glitch in data briefly showed crypto’s market cap at $6 trillion and Bitcoin dominance at 24%. Bitcoin’s price did not move, and sentiment data still points to fear. A TradingView glitch on Monday, November 9, made it look as if the crypto market had more than doubled and Bitcoin dominance had collapsed.
Brief
On Monday, November 9, a data error on TradingView briefly displayed the crypto market at about $6 trillion and Bitcoin's share of it at 24.14%. Ash Crypto posted the charts on X and asked whether they signaled a bull run. The charts show the total leaping within a single candle from around $2.5 trillion, with Bitcoin's share dropping from roughly 60%. That vertical move points more toward faulty information than real trading. Bitcoin's price stayed flat, and at $75,140 its market value of about $1.5 trillion only lines up with 24.14% when measured against the inflated sum. Other trackers disagreed: CoinMarketCap kept Bitcoin's share near 60.3%, while Altcoin Season Index readings from CoinMarketCap and CoinGlass stayed between 40 and 44. TradingView had not offered a public explanation when the initial reports appeared.
Why it matters: The episode shows how one faulty data feed can make a dominance chart appear to signal a dramatic market shift.
Read the full story
Dextape context
Built from Dextape’s own wire, stories and glossary.
Terms in this story
- Market cap
- Price multiplied by circulating supply, from the market-data provider.
Mentioned in this story
Open a coin page for its current price.